Which of the Following Is the Best Description for the Purpose

question 13

Multiple Choice

Which of the following is the best description for the purpose of an estate created for divorce or bankruptcy?

• A)To pay for the all of the legal fees in filing a chapter 7, 11, or 13 bankruptcy or to pay the legal fees of a divorce
• B)To protect the assets of the party filing bankruptcy so that no further losses are realized
• C)To settle the debts of the debtor or divorce partner of which the Bankruptcy or Divorce Court has control
• D)To hold only the physical assets of the divorce partner or debtor for the period of the bankruptcy or divorce